Delhi NCR market is fast and ever evolving when compared to other markets in the country

With an aim to establish Mangalya Buildtech Pvt. Ltd as a big corporate in the Indian Real Estate, Manoj Kumar Singh, Founder & Managing Director, reveals to EW how they work out their aims and objectives and meet challenges in delivering the best practi

The name ‘Mangalya’ has been derived from one of the 108 names of Goddess Durga. The very idea of making homes out of houses has been the inspiration behind Mangalya Buildtech Pvt. Ltd. Here at MBPL, we just not construct buildings but our motive is to create such a framework which people can relate to and rather than living there just for the heck of it, find solace in living there.

What unique offering are you presenting to the customers?

We are providing our customers less loading when compared to other developers prevailing in the market, as we are new to the market and we like to see our customers as ‘Happy and satisfied customers’.

What is your mantra to sell Real Estate?

Deliver on time, as committed. And I don’t think that there are any special mantras than delivering your project on time. Other than that, it is the ideology behind the project which adds to its USP. As I said earlier, we are not offering an array of walls or the houses, but something that customers can call ‘Home’.

What changes would you like to see in the sector?

Well! As said by the entire fraternity, the stature of ‘Industry’ is what every Realty player is seeking for. Other than this, fast tracking of approvals and single window clearance are desired in this sector.

What makes Delhi/NCR property market different from other property markets?

What I think is that this area has a great potential. The area fits in the pocket of everyone, it is the only area in the entire country where you can find house from a staggering high price range of Rs 15,000 to an all time low of Rs 1,300. The market is fast and ever evolving when compared to other markets
in the country.

Why did you select Greater Noida West out of all places for your upcoming projects?

Greater Noida West/ Noida Extension, which was not perceived as a good market due to various cases of land acquisition and irregularities, is seeing a different ball game altogether. The area offers end-to-end connectivity, affordability and a good appreciation in terms of investment. As a Group we see a lot of changes happening in the region and these changes will make the city a one-stop destination for the entire housing requirement.

What kind of projects would you be offering in future?

Presently we are targeting the mid-income and the affordable housing segment. We would like to further increase our Real Estate portfolio by adding some commercial project and would be kick starting some luxury housing projects in the upcoming future. Our Real Estate offering which is presently subjected to Ghaziabad and Greater Noida West region, can see an expansion, as we would be focusing on various other areas in Delhi/NCR.

One aspect that Real Estate Developer has to deal with…

One advantage of being in Real Estate is that you get a chance to shape the future and to get one’s dream turn into reality. Since Real Estate has been affected by a tainted past as misdeeds by few has brought it bad name, at times it happens that prospective buyers land up in a dicey condition leading to increase in the number of fence sitting buyers. Later on we crib about stagnation in the sector.

How tough is it to maintain corporate and professional ethics and standards in an un-organised sector like Real Estate?

The significant Realty developers are far beyond this, the reason being their visionary approach enabling them to peep into future, probably beyond decades. It is this attribute that makes them narrate the world, what infrastructure is needed, when and where.

Speaking about the viewpoint of Mangalya, we focus to be a part of the elites and the most trusted corporates in this sector with our dedication towards objectives and commitment done with customers.

Tips for first time investors and home buyers…

The present time is the best time to invest in Real Estate; the time is apt for potential home buyers and investors because price correction is bound to happen in the wake of the new government and the price will shoot up very high in the upcoming future.